For saleTownhouse
$209,900
1315 Heritage Ln
Waite Park MN 56387
2 beds, 1 bath
1315 Heritage Ln is a 2 beds, 1 bath townhouse home for sale at $209,900 in Waite Park MN 56387. At 20% down it rents for an estimated $950/mo and returns -$702/mo a month at a 2.7% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $950/mo
- Monthly cash flow
- -$702/mo
- Cap rate
- 2.7%
- Cash-on-cash
- -20.1%
- Max offer
- $88,000
Offer ≤ $88,000 (58% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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